Pan African Resources plc (PAF) Rating Reiterated by Numis Securities Ltd
Pan African Resources plc (LON:PAF)‘s stock had its “buy” rating restated by investment analysts at Numis Securities Ltd in a research note issued on Thursday. They presently have a GBX 35 ($0.46) price target on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 81.82% from the stock’s previous close.
A number of other brokerages have also weighed in on PAF. FinnCap restated a “hold” rating and set a GBX 15 ($0.20) target price on shares of Pan African Resources plc in a research report on Wednesday, June 15th. Peel Hunt reaffirmed a “buy” rating and set a GBX 26 ($0.34) price target on shares of Pan African Resources plc in a research note on Wednesday.
Shares of Pan African Resources plc (LON:PAF) opened at 20.92 on Thursday. Pan African Resources plc has a one year low of GBX 6.72 and a one year high of GBX 24.50. The firm has a 50-day moving average of GBX 20.35 and a 200-day moving average of GBX 17.18. The company’s market cap is GBX 383.15 million.
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About Pan African Resources plc
Pan African Resources PLC (Pan African) is a South-Africa based gold mining and exploration Company. The Company focuses on exploitation of high grade ore-bodies that yield high margins with a low cash cost base through experienced management teams. The Company’s operations include Barberton, The Barberton Tailings Retreatment Project (BTRP), Evander Gold Mines and Phoenix Platinum Project.
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